Bitcoin and other digital currencies are gaining traction in the marketplace against traditional fiat and specie currencies. Current economic conditions have led many average citizens to exploring potential ways to secure earnings from government devaluation. Criminals continue exploring ways to launder proceeds while reducing risk of detection. And businesses cry out for less expensive means of receiving payments which are less susceptible to fraud. Learn the facts about the history, growth and benefits of bitcoin. Explore potential risks involved in accepting and using bitcoin and/or in providing financial services to those that do. Learn too about bitcoin payment processing pioneer BitPay, its take on the future of digital currencies and payment processing, and FinCEN’s recent Guidance on Virtual Currencies and Regulatory Responsibilities.

Anthony Gallippi, co-founder and CEO, saw a need for bitcoin payment processing and founded BitPay in 2011. As a start-up, Mr. Gallippi is involved in all of the day-to-day operations including new business development, marketing, and customer service. Mr. Gallippi has 15 years of experience in sales and marketing working in the Robotics industry.

Bitcoin is a new financial technology, invented in 2009 as the first peer-to peer digital currency. Using bitcoin, it is possible to send money like an email -to anyone, anytime, anywhere-without going through a bank or government or corporation. Before founding BitPay, Tony was District Sales Manager at Aerotech and Regional Sales Manager at Industrial Devices Corporation. Mr. Gallippi has a Bachelors in Mechanical Engineering from Georgia Institute of Technology.

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